Books

Intermediate Macroeconomics (with Nicolas Vincent), 2021, Pearson Education

 

Articles

Central Bank Credibility and Fiscal Responsibility,” (with Jesse Schreger and Emilio Zaratiegui), 2023, conditionally accepted, American Economic Review: Insights

 

The Commitment Benefit of Consols in Government Debt Management,” (with Davide Debortoli and Ricardo Nunes), 2022, American Economic Review: Insights, 4, 255-270
  - Online Appendix

Fiscal Rules and Discretion under Limited Enforcement,” (with Marina Halac), 2022, Econometrica, 90, 2093-2127
  - Online Appendix

Instrument-Based vs. Target-Based Rules,” (with Marina Halac), 2022, Review of Economic Studies, 89, 312-345
  - Online Appendix


Pandemic Lockdown: The Role of Government Commitment,” (with Christian Moser), 2022, Review of Economic Dynamics, 46, 27-50


Optimal Fiscal Policy without Commitment: Revisiting Lucas-Stokey,” (with Davide Debortoli and Ricardo Nunes), 2021, Journal of Political Economy, 129, 1640-1665
- Online Appendix

 

Inflation Targeting under Political Pressure,” (with Marina Halac), 2020, in Independence, Credibility, and Communication of Central Banking, edited by Ernesto Pastén and Ricardo Reis, Santiago, Chile: Central Bank of Chile, 7-27


Commitment vs. Flexibility with Costly Verification,” (with Marina Halac), 2020, Journal of Political Economy, 128, 4523-4573
- Online Appendix

 

The Optimal Public and Private Provision of Safe Assets,” (with Marina Azzimonti), 2019, Journal of Monetary Economics, 102, 126-144

 

Principals, Agents, and Indirect Foreign Policies” (w/Eli Berman, David A. Lake, and Gerard Padró i Miquel), 2019, in Proxy Wars: Suppressing Violence through Local Agents, edited by Eli Berman and David A. Lake, Cornell University Press, 1-27

 

"Rising Government Debt: Causes and Solutions for a Decades-Old Trend," 2019, Journal of Economic Perspectives, 33, 115-140

 

Fiscal Rules and Discretion in a World Economy,” (with Marina Halac), 2018, American Economic Review, 108, 2305-2334
- Online Appendix


"Optimal Time-Consistent Government Debt Maturity," (with Davide Debortoli and Ricardo Nunes), 2017, Quarterly Journal of Economics, 132, 55-102.
- Online Appendix

 

"A Note on Optimal Fiscal Policy in an Economy with Private Borrowing Limits," (with Marina Azzimonti), 2017, Economics Letters, 151, 62-65

 

"The Institutional Causes of China’s Great Famine, 1959-1961" (with Xin Meng and Nancy Qian), 2015, Review of Economic Studies, 82, 1568-1611.

 

"A Theory of Political and Economic Cycles" (with Laurence Ales and Pricila Maziero), 2014, Journal of Economic Theory, 153, 224-251

  - Online Appendix

 

"Fiscal Rules and Discretion under Persistent Shocks" (with Marina Halac), 2014, Econometrica, 82, 1557-1614
  - Online Appendix

 

"Public Debt under Limited Private Credit," 2013, Journal of the European Economic Association, 11, 229-245

 

"The Political Economy of Indirect Control" (with Gerard Padró i Miquel), 2012, Quarterly Journal of Economics, 127, 947-1015

- Online Appendix

 

"A Dynamic Theory of Resource Wars" (with Daron Acemoglu, Michael Golosov, and Aleh Tsyvinski), 2012, Quarterly Journal of Economics, 127, 283-331
  - Online Appendix

 

"Political Limits to Globalization" (with Daron Acemoglu), 2010, American Economic Review (Papers and Proceedings), 100, 83-88

 

"Future Renting-Seeking and Current Public Savings" (with Ricardo Caballero), 2010, Journal of International Economics, 82, 124-136

 

"A Dynamic Theory of War and Peace," 2010, Journal of Economic Theory, 145, 1921-1950

 

"Politicians, Taxes, and Debt," 2010, Review of Economic Studies, 77, 806-840

 

"Reevaluating the Modernization Hypothesis" (with Daron Acemoglu, Simon Johnson, and James A. Robinson), 2009, Journal of Monetary Economics, 56(8), 1043-1058

 

"Income and Democracy," (with Daron Acemoglu, Simon Johnson, and James A. Robinson), 2008, American Economic Review, 98(3),808-842.

 

"From Education to Democracy?" (with Daron Acemoglu, Simon Johnson and James A. Robinson), 2005, American Economic Review (Papers and Proceedings), 95(2), 44-49

Working Papers

Monetary Policy without Commitment,” (with Hassan Afrouzi, Marina Halac, and Kenneth Rogoff), 2023

 

A Theory of Fiscal Responsibility and Irresponsibility,” (with Marina Halac), 2023, revise and resubmit, Journal of Political Economy

 

Cases

“How to Fight Inflation: March 2022 FOMC Meeting” (with Nicolas Vincent), 2022, Columbia CaseWorks

 

Into the Abyss and Back: COVID-19 and the Economy” (with Gabriele Martegiani and Nicolas Vincent), 2021, Columbia CaseWorks

 

Responding to the Oil Industry Downturn: Challenges to Debt Restructuring in the UAE,” 2018, Columbia Caseworks

 

"Lehman Brothers: Too Big to Fail?" (with Jack Lysohir and Emi Nakamura), 2016, Columbia CaseWorks

 

Standing at the Edge of a Cliff: GM at the Onset of the 2008 Financial Crisis,” (with Nicolas Vincent), 2014, Columbia CaseWorks

 

"The Obama Stimulus," 2014, Columbia CaseWorks

 

The Solow Model Unleashed: Understanding Economic Growth” (with Nicolas Vincent), 2013, Columbia CaseWorks